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Take money out of ISA to put into Mortgage Offset Account?
Comments
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The potential returns of an S&S ISA are far higher than any current saving account interest or mortgage rate, but the S&S ISA has risk and you could lose money too. Reducing your interest payments buy putting your money into the offset mortgage is like having a 1.6% saving account. Both are better than leaving the money in cash! Which you choose will be determined by your circumstances and appetite for risk. You could also make extra pension payments which will give you a tax advantage too.“So we beat on, boats against the current, borne back ceaselessly into the past.”0
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I'd split it about a bit. It doesn't have to be all or nothing.
Invest some via S&S ISA.
Top up your pensions.
Move some to the offset account.How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)1 -
Most of these types of threads usually come to the same common sense conclusion as above .Sea_Shell said:I'd split it about a bit. It doesn't have to be all or nothing.
Invest some via S&S ISA.
Top up your pensions.
Move some to the offset account.2 -
Yes, I agree.Albermarle said:
Most of these types of threads usually come to the same common sense conclusion as above .Sea_Shell said:I'd split it about a bit. It doesn't have to be all or nothing.
Invest some via S&S ISA.
Top up your pensions.
Move some to the offset account.“So we beat on, boats against the current, borne back ceaselessly into the past.”2 -
That's really good advice! Thanks everyone for your inputs on this.
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